Germany's military spending exceeds 50 billion yuan and will increase its investment in the future
German Defense Ministry spokesman said on the 18th that Germany plans to increase its military spending to more than 50 billion euros for the first time in 2020 and continue to maintain a significant growth trend in recent years.
At the regular press conference of the German government on the same day, Frank middot, spokesman of the German Ministry of defense; Finrich said that in 2019, Germany's military spending according to NATO statistical standards is expected to be about 47.9 billion euros, accounting for 1.39% of GDP. Military spending in 2020 is expected to increase to about 50.3 billion euros, accounting for about 1.42% of GDP.
Germany's military expenditure in 2014 was 34.7 billion euros, accounting for 1.18% of GDP. After that, military expenditure and its proportion in GDP continued to rise, and achieved the largest growth in 2019.
In July 2019, Anne Gretel & middot, President of the Christian Democratic Union of Germany; Kramp kalenbauer replaces Ursula, who was elected president of the European Commission & middot; Von delaine served as secretary of defense. Kramp kalenbauer strongly advocated further increasing the growth rate of military spending and hoped that the German army would more actively participate in international affairs.
In September 2014, the NATO summit held in Wales, UK, set the goal of increasing the proportion of defense budget in GDP to 2% within 10 years. The United States has been putting pressure on its allies, including Germany, to fulfill their commitments on military spending.
According to the estimation of German media, if the government wants to achieve the goal of 2% of GDP in defense expenditure by 2024, the existing defense budget needs to increase significantly. At present, Germany has an economic slowdown trend, and the government expects to face a budget gap by 2023. It is doubtful whether it can ensure such a substantial increase in the national defense budget.